HC Deb 09 June 1992 vol 209 c153W
Mr. O'Hara

To ask the Secretary of State for the Environment what was the average value of properties sold to tenants under the pilot rents-to-mortgages schemes in Basildon and Milton Keynes; what was the average initial payment made by tenants under the schemes; and what proportion of sales have been flats.

Mr. Baldry

Most of the houses sold in Milton Keynes were worth £40,000 to £50,000; in Basildon, most were worth over £50,000. Information on the initial payment made is at present available only for Milton Keynes, where more than half the tenants paid between £15,000 and £20,000. Four out of the 103 properties sold have been flats.